Affordable Health Insurance New Mexico
Most New Mexicans are covered by some type of health plan. Almost 80% of the population of the state is covered by private health insurance or government backed Medicare and Medicare. New Mexico has improved in the numbers with healthcare coverage over the past decade. Only 51% of New Mexico’s population is covered by employer based plans.
New Mexico insurance rates are regulated by the state government. Blue Cross and Blue Shield, Celtic Insurance Company, Golden Rule, and Lovelace Health Plans are among the largest providers of health insurance in the New Mexico. These companies are the largest insurers with group and individual coverage. Blue Cross and Blue Shield administer the insurance for those in the high risk insurance pool.
If you work for a small business or are self employed you may seek insurance under the Small Employer Insurance Program. You may be eligible to purchase insurance that is subsidized through State Coverage Insurance. There are Medicaid programs for those with low or modest incomes and the New Mexi Kids Program will allow you to buy insurance for your children under 19 if you do not qualify for Medicaid.
Buying an individual policy in New Mexico can be tricky. Insurers are allowed under state law to refuse insurance for health related reasons. There is a high risk pool available for those who cannot find insurance through traditional means. If you lose the policy through your employer you can purchase a conversion policy from that group. You will not face a preexisting clause for a certain period. There are limits on what you can be charged for this conversion policy.
With good government regulation of insurance and management New Mexico is steadily growing the population of persons covered by some form of health insurance. Through a combination of private plans that cover both employees in group plans and those without employer sponsored health coverage this progress has occurred. Government programs work with private plans administering traditional Medicaid and Medicare programs along with providing low cost alternatives for those who do not qualify for either government plans or employer insurance programs.